Bill > SF2266

Introduced Session

Under current law, annual aircraft registration fees are paid to the department of transportation (DOT) and deposited in the state aviation fund (fund). Moneys in the fund, including moneys deposited from sources other than annual aircraft registration fees, are appropriated to the DOT and may be used for airport engineering studies, construction or improvements, the windsock program for public airports, or marketing at commercial service airports. The fee for the first year of aircraft registration is 1 percent of the manufacturer’s list price of the aircraft. Each year thereafter, the fee is reduced by .25 percent of the manufacturer’s list price of the aircraft until the fee is set at .25 percent for the fourth and subsequent registration years. The minimum registration fee is $35 and the maximum fee is $5,000. This bill increases the annual aircraft registration fee for the first year from 1 percent to 1.5 percent. Each year thereafter, the fee is reduced by .375 percent of the manufacturer’s list price of the aircraft until the fee is set at .375 percent for the fourth and subsequent years. The minimum registration fee is increased to $100 and the maximum fee is increased to $7,000. Aircraft registration fees are owed for the registration year, as described in Code chapter 328, of each aircraft. Additionally, the bill appropriates 4.5 percent of moneys deposited into the fund as a result of annual aircraft registration fees and special certificates to the DOT to award grants for commercial service airport vertical infrastructure projects, and 1.5 percent of such moneys to the DOT to award grants for general aviation airport vertical infrastructure projects. The general assembly regularly appropriates moneys from the rebuild Iowa infrastructure fund for such grants. Those grants are required to be used for terminal improvements and must be matched by a 90 percent contribution from the airport. Grants under the bill are not subject to these limitations.

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Subcommittee recommends amendment and passage. []. (on 03/27/2024)

Official Document